Quote:
Originally Posted by Old Mechanic
Many retirement funds lost 70% of their assets in the market tumble from a high of 14k to the low of just over 6300.
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Lost? Only if you were silly enough to sell at the bottom of the market. Sure, the market goes up and down, that's why the old adage about "buy low, sell high". Now if you'd been investing for a while - say 10 years or more - and didn't panic-sell everything, then (at least if my accounts are a guide) you'd be a) more than halfway back from the recent low, and b) even at their lowest, you'd still be ahead.